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Not everyone can afford to migrate to a new country, especially if the country is a rich country with high cost of living, with this bitcoin has given the option to start from a small country to have the chance of living in a big country that has cost of things. With the decentralised option of bitcoin, more people will have the opportunity to migrate to any country of there choice at the long run.
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The bitcoin tweet posted by trump caused both a good and bad reaction to the market due to it's influence. The good part is that some weak hands had to dump for some big players while the bad news is that it might have driven back some people that had plans to invest in bitcoin at that moment. But regardless of that, I see bitcoin to be bigger than trumps FUD and it's proving stronger that that.
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With the news surrounding bitcoin and cryptocurrency now, it shows bitcoin has a potential and bright future for the whole economy, this is among the main reason why most developed countries are legalising the implementation of bitcoin in their economy. Although some are not fully aware of its great potential but soon they will see what it will project when the countries that has implemented the system are running fine.
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I was hoping to see binance on the list and I saw it hahaha, exchange hack is becoming rampant these days, and no one knows which exchange would be next, so for active traders I think the best shot should still be the top exchanges with safu option incase things like this happens. Exchange hack can't be foreseen but it's always advised not to keep your funds in an exchange. Some exchanges are already working with top tech security company to help give a better security to their exchange which is a good move.
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This is a well detailed information on trading techniques and the prons/cons to look after before venturing into the trading part of cryptocurrency. Honestly it's not easy to maintain this guide for newbie but I believe with time, such person will get used to it. The important ones a person has to consider is number 6 and 8, these two are to be strictly adhered to.
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This is so sad to hear, I believe this will be an eye opener for everyone seeing this news. Have learnt one or two from this and I do hope I don't fall victim of such. 100% protection of assets and wallet is not guaranteed anywhere but hopefully our funds are in safu regardless of where it is. Haha
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I'm not much of a trader but I do feel hurt whenever I set a sell order and at the end it rise above that price, same thing with buy orders and the emotion of me losing at times affects me at that time which leads to a negative impact in my next trade, although am trying to work against that but the lesson have learnt so far is not to allow emotions cloud my actions.
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It's actually not so easy to overcome these three emotions when it comes to trading or investing in cryptocurrency or the general market. With greed, some people are now in millions of thousands while some are below hundreds. Fear is also not easy to overcome because we actually want to invest in quick bucks with or without the fear of getting burnt while confidence Is not easy to come by because the market is volatile, so you can't be 100% confident of the result.
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Even before the bullish market that happened some years back, bitcoin has been dominating the market due to different factors which other or most altcoins are yet to have. Regardless of the fall in market price it will still be leading coin in the crypto space for the next few decades due to its adoption globally, although maybe in another two or three decades another altcoin might surpass it but for now bitcoin will still dominant the main and minor market.
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Bitcoin volatility is among what makes cryptocurrency be what it is today also those that involves in the trading activities beyond crypto, I don't expect any kind of volatility in bitcoin, if you're looking for a volatile market then I guess USDT ir USDC will be your best bet.
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Crypto crimes is something that can't be totally rid off just like how our government are still fighting against crimes even though most of them still involves in it personally. One of the crimes I was a victim of was investing in a certain project which the whole team went off the grid after they have successfully hit their softcap and till now no news about them is found. I believe the regulatory bodies in the crypto world are working hard to reduce such crimes but still some are still evolving daily.
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The best thing to do is to always set your buy and set wall regardless of the market situation also be active as much as possible to know what's happening in the world of crypto because things fickles in the matter of seconds. Although going with other people predictions comes out positive at times but the chances of it happening is really lean. To avoid this, one has to first study the market and try practicing with low funds to prevent huge loss.
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One thing I keep saying is that no matter how small a user fund could be, he/she should not keep it on exchange for a long time. No exchange in the crypto space can guarantee 100% maximum security, everything on this space is prone to hacking which is one of the reason why users must store their funds in a decentralized wallet or an hardware wallets which are simply the safest.
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Technology is one of the thing that brings revolution to the traditional system of doing things. With internet more and more amazing services will be evolved on a daily basis. Internet is one of the thing that brings several people from different regions or environments together. I don't see any reason why the global currency shouldn't run on internet because engineers are working daily to achieve a fast and reliable system..
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Actually this post looks really funny and I can't stop laughing while reading it. Creating a new coin with the conversion rate of 1:1 to bitcoin is ridiculously out of it. And I don't see it happening any time soon. Moreover if cryptocurrency is banned in my country, it will actually be of a major impact in the cryptocurrency sector worldwide because my country is among the top blockchain driven society and I don't see it happening because of what crypto stands for and what it will create in the future.
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The first thing I check is the review and the user base of the exchange, most exchange out there involves in bot trading which am not a fan of and because of this I make sure I read users review about the exchange. Apart from that 100% security can't be guaranteed on any exchange so because of this, I make sure i don't keep any of my funds on any exchange but I make sure I encrypt my password security level to the highest level. To include this one most consider the exchange regulations and mostly the withdrawal fee.
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